BREAKING: Initial jobless claims just hit 206k — below the 210k forecast. A pleasant surprise on the surface.
But here's the split that actually matters:
Initial claims = low (companies aren't firing)
Continuing claims = 1.799M, above expectations and still climbing (unemployed people can't find new jobs)
But here's the split that actually matters:
Initial claims = low (companies aren't firing)
Continuing claims = 1.799M, above expectations and still climbing (unemployed people can't find new jobs)